The Financial Services Council (FSC) has appointed its board during its recently held annual general meeting.
The board includes new member ASB executive general manager wealth and insurance Adam Boyd and ANZ managing director wealth Craig Mulholland, both appointed as new members.
“The sector is seeing considerable regulatory, technological and market change and the FSC is working with members to respond and adapt to them over the past year,” FSC chairman Rob Flannagan said.
At the AGM, FSC reported “a very strong year with significant growth” across its activities. It noted that its members have seen the first steps in ensuring great consumer outcomes, such as tackling soft commissions head-on by stopping incentive conferences and the adoption of the FSC code of conduct.
“I would like to thank the Board for the great progress that has been made in the last year and as we move into 2019, to challenge the new Board to raise the bar for the good of all Kiwis through what is set to be another challenging year for the industry,” Flannagan said.
“Although the FSC has gone from strength to strength in the past year, we are not complacent,” FSC chief executive Richard Klipin added. “Our members remain focussed on managing, growing and protecting the wealth of New Zealanders.”